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Lattice, Inc. (LTTC) Acquires InnoVisit Technology To Strengthen ICON Platform

|Includes: Lattice Incorporated (LTTC)

Lattice, a provider of advanced information and communications technology solutions for customers worldwide, reports that it has acquired InnoVisit's video conferencing technology to strengthen Lattice's Integrated Corrections Operating Network (NASDAQ:ICON).

The newly purchased technology will be integrated with ICON, a strong technology platform that provides secure, cloud-based management of all customer, payment, and accounting data for correctional facilities. The transaction also provides Lattice with the opportunity to increase its revenue growth.

"We've had a great working relationship with InnoVisit for more than a year," Paul Burgess, CEO of Lattice stated in the press release. "Our customers have been very pleased with InnoVisit's technology and its seamless integration into our ICON platform. We plan to take advantage of new cross-selling opportunities with current customers and previous installations, and this technology has strengthened our competitive position, which should lead to accelerated sales growth as we expand our marketing efforts."

As a leading provider of video conferencing technology to the corrections market, InnoVisit has deployed its video visitation technology in more than 90 facilities in 26 states and Canada.

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